India sets import quotas for New Zealand apples, kiwifruit under FTA

India has set import quotas for certain New Zealand products, including apples and kiwifruit, under their existing free trade agreement. This move aims to regulate the flow of imports and ensure that Indian markets are not flooded with these goods. The quotas will increase gradually over five years, allowing for a more controlled and balanced trade. This development may impact New Zealand's exports to India, particularly in the short term, as the initial import caps and varying duty rates could affect their competitiveness in the Indian market.

Why it matters

India's quota system will increase imports of New Zealand apples and kiwifruit. This will benefit New Zealand's agricultural sector and exporters.

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